SPY Breaks Out Short-Term. QQQ Begins To Test Resistance

The Indices had a late afternoon rally that brought the SPY above resistance. The QQQ is beginning to test resistance. Breadth strengthened nicely but volume is sill lacking. Remember, there is a lot of economic news out this week, especially on Wednesday with a Fed announcement on interest rates. There is a short trade lesson included on how I entered a short-term long position today.

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